American Campus Communities provides Q1 earnings outlook | ACC Message Board Posts


American Campus Communities Inc.

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Msg  24 of 32  at  2/25/2021 7:24:44 AM  by

jerrykrause


American Campus Communities provides Q1 earnings outlook

from SNL Real Estate Daily
 
 

American Campus Communities provides Q1 earnings outlook

 
 
Byline: Maera Tezuka
 
 

American Campus Communities Inc. expects first-quarter funds from operations and FFO-modified in the respective per-share ranges of 56 cents to 58 cents and 54 cents to 56 cents.

The S&P Capital IQ consensus FFO-per-share estimate for the quarter is 54 cents.

In reporting results, the student housing real estate investment trust said it collected an average of 97.6% of rent during the fourth quarter, which represents total delinquency of about $4.9 million.

The REIT granted approximately $900,000 in rent relief via its Resident Hardship Program. This reflects a notable reduction from the $8.6 million and $4.7 million in relief granted under the program during the 2020 second and third quarters, respectively.

 


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